Baer Investment Advisory LLC Makes New $1.61 Million Investment in PGIM Active High Yield Bond ETF $PHYL

Baer Investment Advisory LLC bought a new position in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 46,375 shares of the company’s stock, valued at approximately $1,606,000. Baer Investment Advisory LLC owned 0.13% of PGIM Active High Yield Bond ETF at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. RFG Advisory LLC raised its stake in PGIM Active High Yield Bond ETF by 145.1% during the 4th quarter. RFG Advisory LLC now owns 223,177 shares of the company’s stock valued at $7,918,000 after purchasing an additional 132,135 shares during the period. Fifth Third Securities Inc. raised its position in PGIM Active High Yield Bond ETF by 17.4% during the fourth quarter. Fifth Third Securities Inc. now owns 132,918 shares of the company’s stock valued at $4,716,000 after buying an additional 19,653 shares during the period. State of New Jersey Common Pension Fund D lifted its stake in PGIM Active High Yield Bond ETF by 64.3% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 1,725,000 shares of the company’s stock worth $61,203,000 after acquiring an additional 675,000 shares in the last quarter. Breakwater Capital Group lifted its stake in PGIM Active High Yield Bond ETF by 73.9% in the 4th quarter. Breakwater Capital Group now owns 115,560 shares of the company’s stock worth $4,100,000 after acquiring an additional 49,109 shares in the last quarter. Finally, Earned Wealth Advisors LLC boosted its position in PGIM Active High Yield Bond ETF by 31.5% during the 4th quarter. Earned Wealth Advisors LLC now owns 86,113 shares of the company’s stock worth $3,055,000 after acquiring an additional 20,643 shares during the period.

PGIM Active High Yield Bond ETF Price Performance

NYSEARCA:PHYL opened at $34.96 on Friday. PGIM Active High Yield Bond ETF has a fifty-two week low of $34.47 and a fifty-two week high of $35.83. The stock’s 50-day moving average is $35.06 and its two-hundred day moving average is $35.25. The stock has a market cap of $1.33 billion, a PE ratio of 2.48 and a beta of 0.39.

PGIM Active High Yield Bond ETF Company Profile

The PGIM Active High Yield Bond ETF (PHYL) is an exchange-traded fund that is based on the Bloomberg US High Yield Very Liquid index. The fund is an actively managed portfolio of high yield bonds. The fund seeks total return. PHYL was launched on Sep 24, 2018 and is managed by PGIM.